Allbridge announces recovery plan after recovering $467K of stolen funds
The project partially reversed a theft with the help of BNB Chain.
Follow crypto hack news, exploits, bridge attacks, protocol breaches, and security lessons from major incidents across Web3.
The attack was carried out by hackers that attacked the BNB-based chain DEX, draining $8.9 million in funds before being found.
The amount of funds stolen as a result of the exploit is still unknown.
The group carries out phishing attacks, steals credentials, and relies on cloud mining.
Euler Finance, BonqDAO, and CoinDeal recorded the highest losses with $196 million, $120 million, and $45 million, respectively.
The hacker tweeted about a fake USDC airdrop to compensate holders who held the stablecoin during its depeg.
The attacker sent an on-chain message to the recently exploited DeFi project.